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EPC PROJECTS CRITERIA
New rules classify highway project failures as catastrophic; to affect contractor ratings & future contractsNew rules define catastrophic failures in highway projects. These failures will impact contractor ratings and future contract awards. Incid...- Road ministry defines catastrophic failures to help in assessment of concessionaireNew rules from the Ministry of Road Transport and Highways define major highway failures. These failures, like bridge collapses or severe p...
- NHAI tightens contract norms to curb delays, improve quality of highwaysIn a statement issued on Wednesday, the ministry of road transport and highways said the stringent conditions in various clauses under the ...
- NHAI tightens provisions of tender document to seek proposals for highway projectsTo enhance project execution and reduce delays, NHAI has tightened the provisions for national highway project bids. The revised RFP emphas...
- Quality Check: Roads ministry tightens stricter bid rules for highway projectsThe modifications include raising the minimum financial requirement for bidders, for both standard highway projects as well as standalone s...
- Indian Oil Corp receives two bids for green hydrogen plant amid scrutiny and industry concernsIndian Oil Corp (IOC) received only two bids for its green hydrogen plant project at the Panipat refinery in Haryana, indicating a lack of ...
- Commerce ministry panel reviewing guidelines for elections of EPCs, FIEO to submit report by month endThe commerce ministry's committee which is reviewing eligibility criteria for election of office bearers of export promotion councils (EPCs...
- Commerce min reviewing existing guidelines for elections of EPCs, FIEOAccording to an office memorandum, a three-member panel has been constituted to review the existing guidelines and make suitable recommenda...
- Road contractors set for a decline in margins: CRISILMargins will be a decadal low this fiscal but despite the fall, the credit profiles of road EPC players will remain stable. This is support...
- Rising competition may affect operating margins of construction companiesAnalysts foresee a situation similar to that between 2009 and 2011 when a large number of companies with unrelated business participated in...
- IL&FS receives Rs 693 crore as settlement claims from NHAIITNL, a subsidiary of IL&FS, on March 31st this year received settlement amount of Rs 673 crore for Kiratpur Ner Chowk Expressway Limited (...
- Bottlenecks may reduce leading to higher participation in Indian highway bidding: ReportThe government’s recent push in the infrastructure sector could lead to more competition and higher bidding for roads projects, an India Ra...
- Highways ministry relaxes rules to allow wider participation of domestic companies in road projectsIn a letter issued to its implementing agencies on Monday, MoRTH relaxed the financial and technical criteria, including the annual average...
- Major boost to Atmanirbhar Bharat, easier entry for local companies in road projectsThe annual turnover requirement has been reduced to 15% of the estimated project cost from 20%. The capital cost of prior projects executed...
- Proposal to relax eligibility norms for highway projects to ensure larger participation by developersTo overcome delays in highways construction, Ministry of Road Transport and Highways (MoRTH) has already issued some relaxations under Aatm...
- Government to take over 3 stuck highway projects of IL&FSThe projects in question will be owned by the ministry of road transport and highways after the parties reached a settlement of about Rs 20...
- Gujarat mandates EPC, OEM details in wind bidsThe order added that tying up with more than one OEM and EPC contractor would give developers more bargaining power to get the most economi...
- Sunil Hitech's EPC segment holds immense opportunities; positive on stock: Parag ThakkarThe company has been doing a good job for NTPC and BHEL in terms of their balance of plant (BoP) businesses, says Thakkar.
- Engineers India gets Navratna statusThe upgraded status will provide the company with "enhanced operational and financial autonomy to work in domestic and overseas markets.
- Stimulus packages may not lift infrastructure sectorThe back-to-back stimulus packages by the government may not help the infrastructure sector getting out of the doldrums, feel market analys...
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